Last year, The Internal Revenue Service announced that they will not be mailing Form 2290 to taxpayers. This step was taken due to the increase in electronic filing. Although the IRS Requires Trucking Companies with 25 or more Heavy Vehicles to e-file, the IRS actively encourages everyone needing to file the Form 2290 electronically. The IRS has legitimate reason to do this because filing electronically is the quickest, easiest, and safest way to file tax returns.
Fortunately, it has become incredibly easy to file Form 2290 or other Tax forms associated with the Heavy Vehicle Use Tax (HVUT) such as Form 8849. All you have to do is log on to www.Tax2290.com and start filing. You can file your for Form 2290, 2290 Amendment, Form 8849, Form 720, and Fuel Tax (IFTA) through www.taxexcise.com.
The easy-to-use system created by the Tax2290.com allows the user to walk through the process at their own speed and asks questions in plain English, not confusing tax jargon. There are even special deals for Owner-Operators who need to file for multiple vehicles. Tax Professionals may also benefit from special pricing for multiple filings.
The IRS Form 2290 exists as a way to pay Heavy Vehicle Use Taxes (HVUT), which must be filed with the IRS for any highway motor vehicle that exceeds a gross weight of 55,000 pounds. IRS Form 2290 also includes what is known as a Schedule 1, which is used to report all vehicles for which you are reporting tax and those that you are reporting suspension of the tax by category and vehicle identification number (VIN). The Schedule 1may also be used as proof of payment to register your vehicle in any state. Use the stamped Schedule 1 that was returned to you by the IRS for this purpose.
You must file a Form for the tax period beginning on July 1st, and ending on June 30th, if a highway motor vehicle is registered, or required to be registered, in your name under state, District of Columbia, Canadian, or Mexican law at the time of its first use during the period and the vehicle has a taxable gross weight of 55,000 pounds or more.
There are three different categories for HVUT rates for these vehicles. Vehicles Below 55,000 pounds do not have HVUT because they do not qualify as a heavy vehicle. Vehicles between 55,000 and 75,000 pounds owe $100, plus $22 per 1,000 pounds over 55,000 pounds. Finally, for vehicles that are over 75,000 pounds the maximum HVUT is $550 per year.
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